Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy Sells 85,001 Shares

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CRO Brian K. Mccarthy sold 85,001 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $70.04, for a total value of $5,953,470.04. Following the sale, the executive now directly owns 433,909 shares of the company's stock, valued at $30,390,986.36. The trade was a 16.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Rubrik Price Performance

Shares of NYSE RBRK traded down $2.35 on Friday, hitting $63.65. The company's stock had a trading volume of 3,232,248 shares, compared to its average volume of 1,996,434. The stock has a 50 day moving average of $69.09 and a 200-day moving average of $56.20. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00. The company has a market capitalization of $11.79 billion and a price-to-earnings ratio of -4.62.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.22). The business had revenue of $258.10 million during the quarter, compared to analysts' expectations of $233.13 million. During the same quarter in the previous year, the business posted ($1.59) EPS. The business's revenue was up 47.5% compared to the same quarter last year. Sell-side analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

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Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BMO Capital Markets upped their price objective on shares of Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, March 14th. Barclays increased their price target on shares of Rubrik from $51.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Rosenblatt Securities raised Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price objective on the stock in a report on Wednesday, March 12th. Mizuho increased their target price on Rubrik from $75.00 to $82.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 17th. Finally, Robert W. Baird decreased their price target on Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $70.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in shares of Rubrik by 22.1% during the 4th quarter. California State Teachers Retirement System now owns 56,279 shares of the company's stock worth $3,678,000 after purchasing an additional 10,191 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in Rubrik in the 4th quarter worth about $115,000. PharVision Advisers LLC acquired a new stake in shares of Rubrik in the fourth quarter worth approximately $202,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Rubrik by 168.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock valued at $43,610,000 after purchasing an additional 418,457 shares during the period. Finally, Voloridge Investment Management LLC acquired a new position in Rubrik during the fourth quarter worth approximately $85,331,000. Institutional investors and hedge funds own 49.54% of the company's stock.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.